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Lombard Odier eyes southeast Asia wealth market with Thai tie-up

Lombard Odier has formed a partnership with Kasikornbank, Thailand’s second-biggest bank by market value, entering the wealth management market in southeast Asia for the first time.

Under the tie-up, which mirrors deals struck by the Swiss private bank in Japan, Australia and South Korea, the firm will manage global investment funds for Kasikornbank’s private clients. Lombard Odier will also serve as an exclusive offshore custodian through its Singapore office, and will train the Thai bank’s relationship managers.